The Bank of England and the UK Financial Conduct Authority (FCA) have published additional finalised Q&As on derivative reporting requirements under the UK European Market Infrastructure Regulation (UK EMIR) following a consultation on the draft Q&As in August. The additional Q&As include: (i) Q&A 4.14, which provides guidance on when it is acceptable to report with a technical International Securities Identification Number (ISIN). Following feedback to the consultation, an additional scenario has been included alongside those originally specified, and a technical ISIN has been created for use in the specified scenarios; and (ii) Q&A 11.7, which provides detailed guidance on the reporting of FX swaps. Further clarification has been added to this Q&A, including the addition of a table illustrating reporting expectations for FX swaps. The FCA has appended the finalised Q&As to the relevant sections of its UK EMIR reporting Q&As.
[View source.]
